Toronto Dominion Bank Acquires 10,832 Shares of Nordson Co. (NASDAQ:NDSN)

Toronto Dominion Bank boosted its holdings in shares of Nordson Co. (NASDAQ:NDSN) by 59.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,070 shares of the industrial products company’s stock after acquiring an additional 10,832 shares during the period. Toronto Dominion Bank’s holdings in Nordson were worth $6,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. New York Life Investment Management LLC grew its holdings in Nordson by 0.7% during the 4th quarter. New York Life Investment Management LLC now owns 7,314 shares of the industrial products company’s stock worth $1,530,000 after acquiring an additional 49 shares in the last quarter. Klein Pavlis & Peasley Financial Inc. grew its holdings in Nordson by 1.7% during the 4th quarter. Klein Pavlis & Peasley Financial Inc. now owns 3,308 shares of the industrial products company’s stock worth $692,000 after acquiring an additional 56 shares in the last quarter. Venturi Wealth Management LLC grew its holdings in Nordson by 4.6% during the 4th quarter. Venturi Wealth Management LLC now owns 1,493 shares of the industrial products company’s stock worth $312,000 after acquiring an additional 66 shares in the last quarter. Metis Global Partners LLC grew its holdings in Nordson by 4.0% during the 4th quarter. Metis Global Partners LLC now owns 1,811 shares of the industrial products company’s stock worth $379,000 after acquiring an additional 69 shares in the last quarter. Finally, Isthmus Partners LLC lifted its position in shares of Nordson by 6.1% during the fourth quarter. Isthmus Partners LLC now owns 1,380 shares of the industrial products company’s stock valued at $289,000 after buying an additional 79 shares during the last quarter. 72.11% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NDSN has been the subject of several analyst reports. BNP Paribas lowered shares of Nordson from an “outperform” rating to a “neutral” rating and set a $219.00 price target for the company. in a research report on Monday, February 24th. KeyCorp decreased their price target on shares of Nordson from $260.00 to $230.00 and set an “overweight” rating for the company in a research report on Tuesday, April 8th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $250.20.

Nordson Stock Performance

Shares of Nordson stock opened at $208.97 on Friday. The firm has a market capitalization of $11.89 billion, a P/E ratio of 26.59, a PEG ratio of 1.65 and a beta of 0.90. The company has a quick ratio of 1.51, a current ratio of 2.53 and a debt-to-equity ratio of 0.72. The company has a 50 day moving average price of $191.51 and a 200 day moving average price of $212.11. Nordson Co. has a 52 week low of $165.03 and a 52 week high of $266.86.

Nordson (NASDAQ:NDSN) last announced its quarterly earnings data on Wednesday, May 28th. The industrial products company reported $2.42 EPS for the quarter, beating the consensus estimate of $2.36 by $0.06. The firm had revenue of $682.94 million during the quarter, compared to analyst estimates of $671.36 million. Nordson had a net margin of 16.93% and a return on equity of 19.28%. Nordson’s revenue was up 5.0% on a year-over-year basis. During the same period last year, the firm posted $2.34 EPS. Sell-side analysts expect that Nordson Co. will post 10.2 EPS for the current year.

Nordson Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 3rd. Investors of record on Thursday, March 20th were given a $0.78 dividend. This represents a $3.12 annualized dividend and a dividend yield of 1.49%. The ex-dividend date was Thursday, March 20th. Nordson’s payout ratio is currently 39.69%.

Nordson Company Profile

Nordson Corporation engineers, manufactures, and markets products and systems to dispense, apply, and control adhesives, coatings, polymers, sealants, biomaterials, and other fluids worldwide. It operates through three segments: Industrial Precision Solutions; Medical and Fluid Solutions; and Advanced Technology Solutions.